The Contract Of Sale is the agreement between the Seller and Buyer wherein the terms of the sale of real property are established. Also commonly referred to as a Purchase And Sale Agreement.
A "REIT" is a real estate investment trust. REITs are tax-efficient financial vehicles that hold real estate or real estate related assets (i.e. mortgages) and are either publicly traded or privately held.
REIA stands for Real Estate Investors Association. This is a local network of real estate investors who share insights and partner on real estate investment opportunities.
Mortgage loans are repaid over time, usually in equal monthly installments, based on an amortization schedule.